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  •  » Audacy Gets Ready To Exit Chapter 11. $1.6 B In Debt Written Off

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    September 30, 2024 2:59 pm  #1

    paterson1
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    Audacy Gets Ready To Exit Chapter 11. $1.6 B In Debt Written Off

    The owner of 220 US radio stations has had it's bankruptcy plan approved by the FCC.  Details from Insideradio..
    https://www.insideradio.com/free/fcc-approves-audacy-bankruptcy-plan/article_b7518da0-7f03-11ef-9ce5-ef19f604ccb9.html

     

    October 1, 2024 2:29 pm  #2

    paterson1
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    Re: Audacy Gets Ready To Exit Chapter 11. $1.6 B In Debt Written Off

    Just a day after Audacy's bankruptcy plan was approved by the FCC and 80% of it's $1.9 billion debt written off, the company announced that they will be no longer be publically traded.  From Insideradio..https://www.insideradio.com/free/audacy-wastes-no-time-bankruptcy-restructuring-approved-going-private-is-next/article_903a0d58-7fc3-11ef-a2a3-27ae5c163ea8.html

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